Nokia acquires Withings to advance digital health strategy

Connected health device platform maker Withings is being acquired by Nokia in a quest to spur Nokia's foray into digital health, which Nokia says in an announcement it views as a strategic interest.

The eight-year-old Withings, based in France, manufactures regulated and unregulated mHealth devices, including fitness tackers, blood pressure monitors and weight scales.

The about $194-million-dollar transaction will be a cash deal and is expected to be finalized in Q3 of this year. Announcement